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Glimpse Group, Inc. Director's Dealing 2023

May 30, 2023

34791_dirs_2023-05-30_242a53f2-4cf2-48d3-b5f1-def49d3838c3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Glimpse Group, Inc. (VRAR)
CIK: 0001854445
Period of Report: 2023-03-01

Reporting Person: Meisner Jeffrey Ralph (Director, Chief Revenue Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2023-03-01 Common Stock A 81671 $7.00 Acquired 165687 Direct
2023-04-01 Common Stock A 4715 $3.76 Acquired 170402 Direct
2023-05-25 Common Stock A 62500 $4.00 Acquired 232902 Direct

Footnotes

F1: On March 1, 2023, the Issuer issued Mr. Meisner 81,671 pursuant to his portion of an earnout payment required under the Membership Interest Sale Agreement dated February 2, 2022 ("S5D Acquisition Agreement"), between the Issuer and the sellers of Sector 5 Digital, LLC (S5D), of which Mr. Meisner was a membership interest holder at the time of the transaction. The value of the shares, $7.00, was contractually determined under the S5D Acquisition Agreement.

F2: Reflects common stock acquired by Mr. Meisner and issued by the Company to the Reporting Person, on April 1, 2023 in lieu of cash salary.

F3: The 62,500 shares of common stock were issued in an arms-length transaction pursuant to which the parties agreed to accelerate a potential earnout provision in an Amendment to the Membership Interest Sale Agreement dated May 25, 2023, between the Issuer and the sellers of Sector 5 Digital, LLC (S5D), of which Mr. Meisner was a membership interest holder at the time of the transaction. In connection with the accelerated earnout provision, Mr. Meisner received shares of the Issuer's common stock, instead of receiving a portion of the potential cash earnout payment due to him.